Binance Pauses CFX Activity to Fuel Conflux’s High-Stakes Evolution

Binance has announced a temporary suspension of Conflux Network (CFX) deposits and withdrawals to support a major network upgrade and hard fork. The suspension is scheduled to begin on September 1, 2025, at 00:03 UTC, and will remain in place until the network is stabilized post-upgrade [1]. During this period, trading of CFX tokens will remain unaffected, allowing users to continue their trading activities without interruption [1]. Binance has confirmed it will manage all technical aspects of the upgrade and will not issue further updates on the reopening of deposit and withdrawal services. Instead, users are advised to monitor the network's stability through the project team's official communications [1].

The upgrade, which is a critical v3.0.1 hard fork, is expected to occur when the network reaches Epoch Number 129,680,000, projected for August 31, 2025, at 08:00 UTC+8 [3]. The Conflux team has urged all node operators to update their systems promptly to ensure network stability and prevent operational disruptions. The upgrade package is available for download on the project's official GitHub page [3]. To assist users in tracking the progress of the upgrade, the Conflux Network has provided a Blocknumber Calculator on Conflux Scan, which allows users to verify the timing of the upgrade based on the specified epoch value [3].

This development is part of a broader effort by the Conflux Network to enhance its performance and scalability. Conflux Network, a high-speed layer 1 blockchain originating from China, operates under local regulatory frameworks and is often referred to as the “Chinese Ethereum” [2]. The network’s native token, CFX, plays a key role in governance and value storage, and users can also stake these tokens to earn passive income [2]. The hard fork is expected to improve the network’s security and efficiency, potentially making it more attractive to developers and other blockchain projects.

Market analysts have noted that the announcement of the upgrade comes at a time of increased volatility for the CFX token. As of recent data, CFX has been trading at $0.182, a decline of over 2% in the past 24 hours [2]. The Fear & Greed Index currently stands at 72, indicating a bullish market sentiment, while the 14-day RSI is at 71.25, suggesting continued buying pressure [2]. Technical indicators suggest that CFX may face further resistance at $0.1969 and support at $0.1572 [2]. Analysts have also provided price forecasts, with a bearish trend expected in the short term and a potential recovery if the token holds above $0.2 in the near future [2].

Looking ahead, multiple price predictions have been issued for CFX, with varying degrees of optimism. For 2025, some analysts forecast a maximum price of $0.4773, with an average of $0.4123 [2]. By 2026, the projected range is between $0.6022 and $0.6951, with an average of $0.6228. In 2031, the most bullish forecasts suggest a price as high as $4.15 [2]. These predictions, however, depend on a range of factors, including regulatory developments in China and overall market demand for blockchain-based solutions. The Conflux Network’s position as a regulated blockchain in China positions it well for potential growth, particularly as the project continues to expand its ecosystem and developer incentives [2].

The network upgrade is a strategic move that aligns with the broader trend of blockchain networks enhancing their capabilities through continuous improvements. The Conflux team has emphasized that the v3.0.1 hard fork is essential for maintaining long-term stability and performance. As the network prepares for this transition, the project has taken steps to ensure transparency and preparedness among stakeholders, including providing tools for tracking the upgrade progress and encouraging prompt system updates [3]. With the suspension of deposit and withdrawal functions temporarily in place, the focus remains on ensuring a smooth transition and a stable post-upgrade environment for all users.

Source:

[1] Binance to Suspend Conflux Network Transactions for ... (https://www.coinlive.com/news-flash/880866)

[2] Conflux price prediction 2025, 2026, 2027-2031 (https://www.cryptopolitan.com/conflux-price-prediction/)

[3] Conflux (CFX) Network Schedules Critical v3.0.1 Hardfork ... (https://blockchain.news/news/conflux-network-schedules-critical-v3-0-1-hardfork-upgrade)